Monthly Archives: May 2012

May31

Despite some denials this afternoon the IMF rumor/news/whatever completely changed the complexion of the day.  After breaking that 61.8% retrace this morning, the market not only recaptured it but is recapturing the 50% retracement as well.    So we are…

May31

Again, almost impossible to be short this market even as it fades as any rumor drives it up. There are words on the twittersphere that the IMF will be backstopping Spain if need be, and blah blah blah the market…

May31

If you are a Fibonacci fan you will note that this morning's selloff has broken the 61.8% retracement of the dead cat bounce the S&P 500 experienced the past week and a half.  (1308)  Yesterday the close was exactly at…

May31

I've been calling this the "meh" economy for a long time – a mostly jobless recovery in the 1-2% GDP range which for many does not feel much different than a recession.  Of course it is regional as the D.C….

May30

As stated earlier, despite the equity rally yesterday bonds and dollars held in.  Today they are rallying some more – even as the dollar is looking parabolic (currencies usually don't move like this).   Until these two "risk off" names…